Figures. Nobody is interested in fixing the problem. They're only interested in profiting from it.
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CarbonPlan estimates the state’s program has generated between 20 million and 39 million credits that don’t achieve real climate benefits. They are, in effect, ghost credits that didn’t preserve additional carbon in forests but did allow polluters to emit far more CO2, equal to the annual emissions of 8.5 million cars at the high end.
The Climate Solution Actually Adding Millions of Tons of CO2 Into the Atmosphere
New research shows that California’s climate policy created up to 39 million carbon credits that aren’t achieving real carbon savings. But companies can buy these forest offsets to justify polluting more anyway.
CarbonPlan estimates the state’s program has generated between 20 million and 39 million credits that don’t achieve real climate benefits. They are, in effect, ghost credits that didn’t preserve additional carbon in forests but did allow polluters to emit far more CO2, equal to the annual emissions of 8.5 million cars at the high end.
